Vimian Group AB (publ) (VIMIAN) Q2 2023 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.577 Hello, everyone. Welcome to Vimyang's second quarter earnings call. 00:00:03.577 -- 00:00:09.303 I'm Fredrik Ullman, CEO, and with me today, our CFO, Karin Setterberg. 00:00:11.770 -- 00:00:16.157 So today, we present another quarter with strong organic growth, 14%, 00:00:16.157 -- 00:00:19.662 and positive momentum across all segments. 00:00:19.662 -- 00:00:21.946 And our EBIT margin 00:00:21.946 -- 00:00:25.175 operating profit grew by 28%. 00:00:25.175 -- 00:00:27.157 We delivered 81.3 00:00:27.157 -- 00:00:31.799 million euros in revenue and grew adjusted EBITDA by 15%, 00:00:31.881 -- 00:00:36.926 reaching 20.3 million euros. I'm especially proud to see how the team in 00:00:36.926 -- 00:00:42.370 diagnostics have navigated the past year's headwinds in COVID, and we delivered 00:00:42.370 -- 00:00:48.136 double-digit growth thanks to strong sales execution on the ground and innovation. 00:00:48.136 -- 00:00:52.760 We strengthened our underlying cash flow from operations and continuously strive to improve 00:00:52.760 -- 00:00:57.805 performance with the aim to deliver margin expansion in H2 as we gain leverage 00:00:57.805 -- 00:01:02.988 from our investments and we see some cost measures materialize. 00:01:03.511 -- 00:01:08.396 Our positive growth momentum continues and we see sustainable demand for animal health 00:01:08.396 -- 00:01:13.159 over the coming years. With that, I'd like to hand over to Kaliwan. 00:01:15.043 -- 00:01:18.607 Thank you very much, Fredrik, and good morning, everyone. 00:01:18.607 -- 00:01:24.203 As Fredrik said, we continued our strong growth with 21% revenue growth 00:01:24.203 -- 00:01:26.286 achieving 81.3 00:01:26.286 -- 00:01:29.230 million euro in revenue in the quarter. 00:01:29.230 -- 00:01...